Bitcoin sentiment for this bull rally
Lets talk about sentiment. The last 2 times we tested 280/270 area. People were ecstatic about it. I remember people were talking about the thought this rally would turn over a new leaf.
This time is slightly different, more people remain skeptical; patiently waiting for more bullish signals. The volatility of this bull move is lower and more stable. Unlike past rallies where market spikes up huge followed by steady decline, we manage to hold on to most of the gains for now.
I remain bullish with my 280 long since my strategy is trend following. I am cautious but sentiment seems to improve compared to the past.
I have been working on 2 articles. I suck at writing so they are taking a while. The second part of ibankbtc's past and money/risk management.